The Motley Fool

MAY 13, 2024

SOFI Revenue (Quarterly) data by YCharts The two segments that are helping power that growth are technology and financial services, where the company forecasts 20% and 75% growth, respectively. In the first quarter, SoFi's financial services segment raked in $150 million, or 86% more revenue than it did in the same period last year.

Banks 236

Banks Financial Services Leveraging Accounting 236

The Motley Fool

MAY 30, 2024

Every bank and financial services company has gone digital, and you can do all of your financial management in a single app through virtually every bank. It operates a winning model Management calls its model the financial service productivity loop. So what makes one company stand out? Image source: SoFi.

Banks 246

Banks Financial Services Accounting Public Companies 246

The Motley Fool

AUGUST 15, 2024

For example, the company has posted three consecutive profitable quarters and recently raised its full-year earnings projections as its Financial Services and Tech Platform segments become a more important part of its overall business. In Q2, SoFi's reported revenue of $598 million beat average estimates of $565 million.

Financial Services 246

Financial Services Banks Accounting Debt 246

The Motley Fool

NOVEMBER 24, 2024

It's an excellent niche that's ripe for picking, because these younger users don't necessarily relate to big, established banks that could offer intimidating and complicated services. It has diversified into financial services and a white-label financial infrastructure business, but lending still accounts for the bulk of its business.

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Initial Public Offering Banks Financial Services Accounting 244

The Motley Fool

APRIL 9, 2024

The financial services industry is hyper competitive. Let's break down how the company is bringing innovation to the financial services world and assess if now is a good opportunity to scoop up some shares. It's not uncommon for people to use a variety of services for their financial needs.

Banks 244

Banks Financial Services Legal Prospects 244

The Motley Fool

SEPTEMBER 7, 2024

That business is Sony's financial services division. The conglomerate is planning to execute a partial spinoff of this segment, officially known as Sony Financial Group, Inc. Details of Sony's spinoff Sony's decision to spin off its financial services division makes sense. SFGI), in October 2025. for Sony stock.

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Conglomerates Financial Services Venture Capital Shareholders 225

The Motley Fool

JUNE 20, 2024

Buffett's appetite for financial services typically turns to more traditional platforms, but he owns a piece of the fast-growing Latin American fintech stock. Brazil-based Nu is the parent company of Nubank, a bankless provider of financial services that has taken over its home country in just the last 10 years.

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Financial Services Banks Accounting Investment Banking 246

The Motley Fool

AUGUST 10, 2024

SoFi Technologies (NASDAQ: SOFI) is well known for taking on the financial services industry with a user-friendly focus. Disrupting financial services What SoFi has accomplished in the 13 years since its founding is commendable. And it's doing a wonderful job at winning over customers. It's down 33% in 2024 (as of Aug.

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Financial Institutions Banks Financial Services Leveraging 246

The Motley Fool

JULY 29, 2024

The digital answer to financial services SoFi has done an impressive job working its way up from a student loan cooperative to a major U.S. But financial services have been the standout recently, increasing 42% year over year in the first quarter. Is this a bargain buy or a value trap ? Image source: SoFi.

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Financial Services Banks Public Companies Debt 245

The Motley Fool

NOVEMBER 7, 2024

Then there are all the other financial services people are looking for that SoFi offers, such as checking accounts and investing solutions. It's achieving profits at scale Management has worked to transform SoFi from a student loan specialist into a full financial services app focusing on capital-light, fee-based products.

Financial Services 246

Financial Services Banks Accounting Returns 246

The Motley Fool

JULY 28, 2024

A lesser-known segment of Sony's business is its presence in the financial services industry. However, Sony's management has deemed the financial services unit as a non-core part of the business.

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Conglomerates Financial Services Assets Returns 244

The Motley Fool

NOVEMBER 14, 2024

Posting stellar growth The financial services industry, which is one of the oldest around, isn't known for being particularly friendly to its customer base. The business provides a wide range of financial services and lending products, without the presence of a physical branch network.

Financial Institutions 237

Financial Institutions Financial Services Banks Leveraging 237

The Motley Fool

MAY 4, 2024

It offers a full suite of financial services on its app, including bank accounts, investing tools, loans, and more. It's banking for modern times, and its easy-to-use services and low fees are attracting hundreds of thousands of new accounts quarterly. SoFi's platform is resonating with its core customers and many others.

Banks 246

Banks Financial Services Accounting Leveraging 246

The Motley Fool

JUNE 19, 2024

The bank of the future SoFi is an all-digital financial services company that serves its customers through an easy-to-use, all-in-one app. That contraction will be countered by the growth of its other two segments -- technology platform and financial services. But after SoFi stock soared in 2023, it's tanking this year.

Banks 246

Banks Financial Services Finance Financing 246

The Motley Fool

MAY 9, 2024

Financial services businesses aren't exactly the most exciting. In fact, billionaire investor Warren Buffett has held positions in financial services companies, including American Express , Visa , Mastercard , and Bank of America , for years. Financial trends are almost certainly going to vary quarter to quarter.

Banks 239

Banks Financial Services Prospects Assets 239

The Motley Fool

NOVEMBER 1, 2024

The financial services industry is incredibly crowded, and it makes sense that smaller players simply don't have adequate distribution resources to compete with the likes of incumbents such as Wells Fargo , Bank of America , or JPMorgan Chase. Image source: Getty Images.

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Exchange-Traded Funds Banks Financial Services Portfolios 246

The Motley Fool

APRIL 27, 2024

Nu operates a digital financial services platform that serves nearly 94 million customers in Brazil, Colombia, and Mexico. It ranks as the fifth-largest financial services company in Latin America based on number of customers. billion.

Stakes 246

Stakes Conglomerates Financial Services Shareholders 246

The Motley Fool

DECEMBER 3, 2024

It's made incredible progress with its financial services segment, which increased 102% in the third quarter. It offers all kinds of digital financial services like bank accounts, investing, and insurance. Management is working to expand its platform to veer away from the concentration in lending.

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Initial Public Offering Banks Financial Services Accounting 239

The Motley Fool

SEPTEMBER 22, 2024

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.

Debt 246

Debt Financial Services Companies 246

The Motley Fool

FEBRUARY 26, 2024

19, Capital One (NYSE: COF) announced it would acquire Discover Financial Services (NYSE: DFS) in an all-stock transaction valued at over $35 billion. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The move could make Capital One the largest credit card issuer in the U.S.

Capital 246

Capital Investors Financial Services Banks 246

The Motley Fool

MARCH 6, 2024

Digital financial services are fast-growing and highly profitable Meanwhile, the most underrated part of Sea could be its digital financial services arm, which grew 24.3% on 27% loan growth last quarter. This segment is also showing really high operating leverage, with Q4 adjusted EBITDA of $148.5 Loans grew 27% to $3.1

Leveraging 246

Leveraging Financial Services Amortization Depreciation 246

The Motley Fool

MARCH 10, 2024

Disrupting a massive industry As one of the world's oldest industries, coupled with its slow pace of innovation, the financial services arena has been among the ripest for disruption in the past decade. Financial services are really just commoditized offerings at the end of the day.

Financial Institutions 246

Financial Institutions Banks Education Financial Services 246

The Motley Fool

MARCH 24, 2024

Disrupting the financial services industry Anytime a business attempts to innovate in an outdated and consumer-unfriendly industry, layering on technology and digital tools in the process, there's a chance for something positive to happen. But that's just not true. Investors can certainly find compelling businesses.

Banks 246

Banks Financial Services Portfolios Returns 246

The Motley Fool

MARCH 13, 2024

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.

Financial Services 246

Financial Services Banks Finance Financing 246

The Motley Fool

OCTOBER 28, 2024

Since its founding in 2011, SoFi Technologies (NASDAQ: SOFI) has rapidly burst onto the scene to become a budding financial services provider. The tech-enabled banking platform continues to grow at a healthy pace, and it's turning the corner financially. But shares remain well off their record high.

Banks 246

Banks Prospects Financial Services Leveraging 246

The Motley Fool

JUNE 13, 2024

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Ascent does not cover all offers on the market. calls on PayPal.

Financial Services 246

Financial Services Debt Companies 246

The Motley Fool

AUGUST 14, 2024

Rippling through the financial services sector To be quite frank, the vast majority of cryptocurrencies out there are utterly useless, and many are even scams. The financial services sector is one of the biggest and most powerful in the world. This was well below the original request of $2 billion.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Financial Institutions Financial Services Banks 246

The Motley Fool

OCTOBER 20, 2024

Taking on financial services According to CoinGecko, an online crypto tracker, there are almost 15,000 different cryptocurrencies out there. XRP is trying to upend a key aspect of the financial services industry. It's worth looking at both the positives and negatives before drawing a conclusion.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Legal Financial Services Banks 246

The Motley Fool

MARCH 30, 2024

Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services and Foot Locker and recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard.

Legal 246

Legal Financial Services Shareholders Capital 246

The Motley Fool

NOVEMBER 16, 2024

Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of Motley Fool Money. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.

Banks 246

Banks Liabilities Debt Financial Services 246

The Motley Fool

MAY 20, 2024

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.

Financial Services 246

Financial Services Accounting Companies Financing 246

The Motley Fool

AUGUST 13, 2024

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.

Debt 246

Debt Financial Services Finance Financing 246

The Motley Fool

NOVEMBER 16, 2024

Discover Financial Services is an advertising partner of Motley Fool Money. The Motley Fool recommends Discover Financial Services and recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. Jennifer Saibil has positions in American Express.

Financial Institutions 246

Financial Institutions Financial Services Shareholders Capital 246

The Motley Fool

MAY 17, 2024

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.

Best Practices 244

Best Practices Debt Financial Services Stakes 244

The Motley Fool

APRIL 16, 2024

It's also one of eight cryptocurrencies -- which include Bitcoin and six stablecoins from PayPal (NASDAQ: PYPL) and Gemini (CRYPTO: GUSD) -- on the New York State Department of Financial Services' "green list" of pre-approved cryptocurrencies. That relative stability suggests the U.S.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Exchange-Traded Funds Financial Services Stakes 246

The Motley Fool

OCTOBER 8, 2024

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.

Taxes 246

Taxes Financial Services Accounting Returns 246

The Motley Fool

FEBRUARY 5, 2024

Digging a bit deeper, the financial services segment, which includes products like checking and savings accounts, brokerage services, and credit cards, saw revenue jump 115%. As they get older, for example, and/or their incomes rise and their need for financial services grows, SoFi has a clear path to drive more engagement.

Banks 263

Banks Liabilities Financial Services Accounting 263